GCC Capital Markets Watch

All market data is sourced from publically available information and has not been independently verified by PwC.

Latest issue

Four IPOs in Q3 2017 across GCC

Q3 sees a slight increase in the number of IPOs in the GCC from the previous quarter (four in Q3 vs. three in Q2), but a reduction in total proceeds of USD 31 million. Despite there having been 13 more IPOs in 2017, year to date proceeds are 4% lower compared to 2016, due to the low value of IPOs listed on the NOMU parallel market in KSA earlier in the year. The appetite for debt issuance in the GCC remained relatively high in Q3, with KSA and the Kingdom of Bahrain amongst the key sovereign issuers.